RALEIGH, NC – Paragon Commercial Bank, the first business-only bank in Virginia, has hired Tracy Cox as Client Development Coordinator.

Cox, who lives in Moseley, Va., has 20 years of banking experience including the last seven as Portfolio Administrator of Residential Construction Lending for Southtrust Bank in Richmond.

“My philosophy on banking is to build strong working relationships with each client and to give first-class customer service,” Cox said. “Paragon’s values and goals all revolve around that personalized service to the client.”

She will interact with clients on a daily and consistent basis, anticipating and evaluating their needs. In addition, she will coordinate the bank’s administrative needs and assist with new business development efforts.

Veteran Richmond banker Michael E. Keck is president of the Richmond-based bank while Bob Hatley is CEO of the Raleigh, N.C.-based headquarters.

“Tracy knows the people and the business environment of our area,”  Keck said. “She has the experience and dedication to customer service that makes her a valuable member of our team. Local businesses can expect a lot more attention than they’ve been getting from the larger banks.”

Hatley said that the Richmond office, with its strong team, is proving to be a good launch for the bank which plans to eventually grow throughout the southeast. “As we grow, people like Tracy will ensure that we’ll still be the bank known for customer service,” he said.

A graduate of the Braxton School of Business in Richmond, Cox and her husband, Gary, have two children - Brittany Paige, 18, and Matthew Hunter, 15.

Paragon Commercial Bank, found on the web at www.paragoncommercial.com, opened in May 1999 in Raleigh and currently has more than $475 million in assets.

Paragon provides banking products and services tailored to meet the needs of small to medium-size companies with revenues from $5 million to $50 million including commercial real estate companies, residential construction firms and professional service firms, particularly attorneys, health care providers and accountants. Paragon also provides corporate finance services for firms with annual sales from $5 million to $100 million.